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centers that serve 35,000 small businesses each year. all of your experience, mr. king, will most certainly be called on it tested for the job ahead of you. mr. kevin law is one of the most respected business organizations in new york. the long island economy is made up of over 100,000 businesses, 90% complete 20 people or less. bit with look forward to hearing directly from you about what your business is their same come, many struggling to recover and how we can be as helpful as possible. mayor, let us start with you and again, hearts go out to the people that you've lost and are devastated, but were going to stay with you for the long haul, long road ahead. [inaudible] >> make sure your buttons are pressed and you speak directly into the mic. >> good morning, chairwoman landrieu and committee members. it's an honor to be here today. i am the mayor of hoboken, new jersey. hoboken is located across the river from new york city for baseball and franks are not shed in the home of cake costs. with more than 50,000 residents and hundreds of businesses call her square mile city their
. let me offer you our best in this effort. mr. king has been the state director of the new york small business development center. he oversees 24 regional centers, 35 outbreaks centers. all of your experience must certainly be called bond at tested for the job that is ahead of you. the president and ceo of long island association, one of the most respected organizations in new york. he long island economy is made up of businesses, 90% employ 20 people or less. we are interested in what your businesses are saying, how we can be as helpful as possible. businesses,our hearts go out te that you have lost and the devastation. make sure that your buttons are pressed and you're speaking directly into the microphone. >> good morning, committee members. it is a privilege and honor to be here today. hoboken is located just across the river from new york city and is the home of frank sinatra. we have hundreds of businesses that call our square-mile city there,. we are one of the most densely populated cities in america, more than new york city. we rank no. 1 in per-capita use of public transport
to go on. nicole: we are trend mr. king a little higher, not far off of the line, like apple has been lower and back in the green and helping the tech heavy nasdaq shows in green arrows and been under significant pressure. dow jones industrials crossing the unchanged line again and again, worries about fiscal cliff tomorrow is the all-important jobs report. right now you see the dow up fractionally, up about 10 points. that is the latest on the floor of the stock exchange. was going on at the cme? phil: the day after the biggest gasoline inventory build in 15 years gasoline futures are up, trading close to 0 one month low. they're under a lot fresher this morning not only from that massive amount of supply but the comments out of the ecb and mario draghi. the good news is retail gasoline prices just in time for the holidays should be coming down dramatically. we are here in some areas where they could drop as much as $0.30. if you look at other markets it is not all good news. we are seeing a lot of nervousness in the gold and silver. to my favorite straight shooter, sandra smith. san
you guys see, being pros and cons of mr. king's proposal? >> both the cftc and the sec have a role in implementing the volcker rule. i think, the commission hasn't taken any position on this proposal. we're actively engaged with, at a staff level with the agencies, other agencies to move forward with the volcker rule-making, taking into account of enormous number of comment letters we got, 18,000, very complex set of issues but i think we're making a lot of progress, and as a staff person our goal is continue moving forward with the implementation process as expeditiously as we can. >> and though i'm not familiar with the proposed legislation, the volcker rule is one of the more challenging, maybe the most challenging of rules i think the regulators were given, to prohibit one activity, proprietary trading, to help the taxpayers not bear some risk. and yet, permit things that are important in markets. market-making, hedging underwriting and the like. so prohibit one thing, permit another, and then where's the border or bondary between the two? so it is one of the most challenging,
committee. i thank mr. bilirakis. we have worked together on a number of legislative initiatives and i thank him as wls for his service, along with -- as well as his servicers along with chairman king and our democratic ranking member, mr. thompson, for their leadership. it gives me great comfort to be able to come on the floor today and say thank you. even though no one wants to see a homeless hero, a homeless veteran, i spent over the holidays time visiting a number of our centers where homeless veterans are and i can tell you that they are the most giving and charitable persons. many of us will be able to rount on thanksgiving day or depurg -- recount on thanksgiving holiday or during the christmas holiday to be able to serve veterans who unfortunately, not of their own doing, have fallen upon hard times, do not have a place to live and are coming to the various food pantries and food kitchens. it is one of great pleasure to me, not for their condition, but to be able to humbly provide them with a warm meal. this is a commonsense legislative initiative that says to homeless heroes, every
Search Results 0 to 4 of about 5

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